Apple is one of the greatest stock buyback stories in history. It’s time to cut it. We have long been fans of Apple’s repurchase plans in addition to the margin expansion attributable to strong services sales. The combination has supported earnings growth even when overall sales stalled. However, with shares down nearly 20% year to…
He bombed. Two words and the world went akilter. We get that. Visions blind us: a blocked Strait of Hormuz; $100 per barrel oil; a de-stabilized Iran and mullah revenge; our troops in harm’s way; and no end to Israel-Iran missile volleys. Monday’s reaction in the market? Always the same. Big institutions sell stocks, which…
It’s been a tense and dynamic week for the world at large. The market action on Wall Street over the past four sessions was been anything but that. For the week, the S & P 500 lost 0.15%, the tech-heavy Nasdaq ticked up 0.21%, and the Dow Jones Industrial Average was basically flat, up a…
Stocks were coming to life once again. This time, it was all about updates on two of the darkest clouds hanging over this bruised market — the 145% tariff rate on China imports and the future of Federal Reserve Chairman Jerome Powell. Following similarly strong gains in the prior session, the Nasdaq and S &…
You often hear the word “reset” when analysts come on television to describe what’s happening now. That’s genuine Wall Street gibberish and, as you know, I don’t like that language. I translate it on the spot. A reset really means something bad is happening that has caught us by surprise. We can no longer like…
Jim Cramer on Sunday night urged investors to keep a level head, even as U.S. stock futures plunged, extending last week’s tariff-driven sell-off. “I’m not going to panic. I’m not going to say, ‘Get out now.’ I think you have to stay the course here,” Jim said during a special broadcast on CNBC. “Let’s just…
There was a better way to accomplish everything President Donald Trump did that caused a 10.5% decline in two days and left us wondering whether we could still crash Monday or later this week. All he had to do was agree with, well, himself because he repeatedly said he was going to announce “reciprocal” tariffs…
Maybe it is worth waiting for stocks like Wynn Resorts , names so cheap that they can’t be explained. On Friday, I spent a considerable amount of time with Wynn CEO Craig Billings at his incredible hotel, the gem of the Las Vegas strip, talking about his business and its cockamamie stock price. Wynn’s valuation…
Our president, Donald Trump , tells us that “what we are doing is big,” so there might be economic consequences to come that we don’t like. But he can’t change the plan, whatever the heck the plan is. Our Treasury secretary, Scott Bessent, comes on CNBC and tells us that the economy has to detox…
We struggle not to interject politics into our stock selection because we know it rarely, if ever, produces ideas that work. I know it makes the job a lot harder. But you don’t pay me to feel badly about what’s happening. That’s not worth much, even as I do feel sad about the recent turn…